HomeMy WebLinkAbout0901 ~ , ; . 30~1.23
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THIS INDENTURE, Mad~ the 2nth d~y of January A.D. 1975~ bNw~~e? {
Clifford G. l etherell and Catherine l~'etherell, hi~kifg
St L uc e ~
of • Covnty fior~da, F~ereina(ts~ dei~y~a~ed ss the "h10RTGAGOR;' and FIRSI fEDERAI SAVINGS AND IOAN
ASSOCIA110N OF FORT PIERCE, a corpwat~on orga~+zed and ex~st~rg under the laws of ihe Unired S~a~~s of America and Mvinp iri principal pl~ce of
busines~ in 1M Ci1y of Fort Piac~, St. lucie County, Florida, hereinafter design~ ~ ~~QfuGAGE:OO ~
WHEREAS tM AtOR~GAGOR is justly indebted to the MORTGAGEE in the~urri c'~~, - good and Iswful money of tM Unked ~
States advanced by the h10RTGAGEE unto Ihe MORTGAGOR, as evidanced by e certam promiuory note oi even dete herewith, of which tF» folloyin~ In
rords and figures is a true copy, to-~.n:
s 20, o00 . oo R'? 3~~ ~ t ~ 10021 i sb
•
Fwt Pie?ce, Flwida, Januar~y ~ ~q 75
Fw va!ue rece~ved, 1, we or e~tl~rr of us, ~.ro~,nse io pay, without defstca~~ort, to the order ot FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF
:GRT PfERCE at fon Pierce, flurida, ihe s~m of S--?~-J~~!~ ~ with in,eres~ frcm date at ihe rate of _9! Se per annum, in monthly instal{-
~
"c~~rs aa ta:cws: 17?S.OO o~ ~~e _2OLF1 ~ay of ~~_,•19_~5_ and a like sum on the carespo~ding day ot each month there-
~•rer until Nie .vFoie br fv~1y pa,d. . , ~
Each initalinxnt first shall be appl~ad in , ay~n.:nt of the interesl and then en the unpaid balance of Ihe principal sum. If default is msdt in fhe
;•~~ment of any insraiime~l whan d~e, and such defa~lt CO~llinue3 30 days, then at the option of the hofder, and without any other notice;"a~l ti~e remainirg
~~stal:menn ahall be d~e and payabte at once. PnvJe~e is giren lo prepay this nae in whole or in patl at any time without penalty. Neither fwebearance,
~or acceptance by the holder rhe.~wf af~er any defa~tt in any payments herron, shall be deemed ex~ens~on. A late psyment tharge of S 8•75 shall be
:!~~~d ro each ins~allment rema~n:ng unpa d 7 c+ays aFter its dve d~te, and a I~~e sum shaU be aJded to each such initallnxnt remaining unpaid 7 days ~ftsr
~~ach succeedinq pa,ment date.
Each maker, surery and endorser hereof, jointly and severally, wa~ves de~nar;d, presentment protest and r.otice of protesl fw nonpsyment, and funher
aa~ees to any e,etensio~ of Nme of paymem, eirher b~fore or aftzr maturiey, w~~hout not:ce to any of vs; and to pay all costs of collection, includ~ng a
~c~~sOnab!E artorney's fee in the event of any defau~r here~nder, and hereby severally waives afl benelit of homestead and ezemption under the constitution
~.d laws of rach Srate of tne Un:ted 5rares, os aga~ns~ this obli9a!:on w any uxtznswn cr renewal hereof.
Wifness ~he hand and seal of each pany.
, s/Clifford G. l~'etherel] ~,U
cs~?u
s Catherine 1•'etherell ~u
___C30.00 sr~re Fe~z:,~e (SEAU
!Srnmps-~nerMe~cn~vrig~rr# nate)
NOW, TMEREfORE, the MORTGAGOR fw the {wrpose of securing payment of said sum of S 20~~~•~~ ,+nd the perfwmsnce of tM
covenants and agreements hereinai~er e:pressed, and for d~vers good and vatuable considerations, by fhese presents, does grant, buyain, sell, rem~se,
:.!ease, convey and confirm unto the MORTGAGEE, its auccesson ar.d assigns, a!1 that ce~tain 101, piece or parcel of land, ~ituate, lying, snd being in the
Cuunty of St . i'taC `2 and State of fbrida, deur;bed as follows: '
I_ot 11, Rlock 397, Pc~^T ST. Li~IE, SEi.TIOV 3, as per plat thereof !
,
on file in Plat Book 12, Page 13, public zecords of St. Lucie County,
Florida.
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~ foaether with all and singular the tenements, he~editaments and appurtances the~eunto belonging or in anywise appertaininy thereto, and sll reoq, iuues, ~
~-~,ceeds and profirs accru~ng and to accrue from said premises, all of which are included in the above snd forepoing dest?iption and habendum.
~ TO HAVE AND TO HOLD the above dexribed and granted premises unto the said MORTGAGEE, its successors and auigns fwever. And tFN said
their
':.ORTGAGOR for - heirs, executws, admin~st~ators ~nd assigns, hereby covenanri with the s~id MORTGAGEE, iri successors and ~uip%
the are ,
R +~ar y---- ~awfut{y seized of the said premises in fee simple; thst the asme sre fres, ckar a~d diuharged from ~II lie~s a~d ~nnnn-
~ ;~ances in law or in equity, and that thQY will and the ir heirs shall warrant and dcfend ihe tiHe ro the ~rt?e fo fhe said
.'O?TGAGEE, its succeasors and sss~gns, forever against the iawful claims and demands of all perso~s;
s
g PROVIDED, AlWAVS that ;f the MORTGAGOR shall pay unto the MORTGAGEE the promissory note F?ereinbefwe described and slwll truly, promptly
- ~.:i {ully perform, d~xharge. eaecute, complete, comply with and abide by each and every the itipulations, agreements, conditaro and tovenanb of said
~ n~sswy note and of this Mortgage, then this Mortgsge a~d the Estate hereby crested shall cease and be null ~nd void.
IT IS UNDERSTOOD thst the word "Mortgagoi' whether in the singular or plural snywhere in this Mutgsye, shsll bs sinyvlar if on~ only and
~ zhal~ be plurel jointly and severelly if mwe tFun one, and rhat the word "their" as used a~ywhere in this Mwtpaye shall be taken to mean "his;' "hen;' ;
~ cr "its," wherever the conteal w~mp!ies or admits. Alw, that wherever there is a reference in the cwensnts and agreemenri Ikrein contained to ~ny of f
•ne pa.ties herero, the same ihall be consnued to mean as well as the heus, kgal represmtstives, successon snd aui9ro (either volunt~ry by acf of th~ ~
~ , arties or involuNary by operation of the law) of tF+e same and that the covensnts herein tontained shall bind and the benefits ~nd adwntapes invr~
? •c the respecfive heirs, kgsl reprosentatives, successors and asa°gns of the parties hereto.
~ And s~id Mortgsgors, fw themulves and their heirs, leg+l rspresentativd, sutcessots and ~ssiyns, hereby joiMly end sevaally coven~nf a~d ayr~e
~ ro and with the uid MORTGAGEE, its successas ~nd assigns: ~ ;
~ 1. To pay all and singulsr the principsl and inferest and the various and sundry sums of money payable by virtve of said promistoty nota, and thi~ '
; ~ortgage, exh and every, promptly on the days ~e~pectively the same severally become due. i
~ 2. To psy all •nd ii~gula? the taxes, sssessments, levies, liabifities, obligatian ~nd encumbrances of every natur~ a~+d kind raw on said described "
~ Groperty, or that hereaffer may be impoted, suffered, placed, levied, w+ssessed ?hereon, or th~t heteafter may b~ Ievied or uietud upon this Mo?1¢
~ aye, or the indebtedness secured hereby, esch ~od eve?y, when due and p~yable, ~cco~dirg b I~w, befwe they becorrw delinquent, and before u?y intK~st
~ <~neches o~ any penalty is i~curred; AND INSOfAR AS ANY iHEREOF IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGED OF pC~
~ ~;CORD ANO THE ORIGINAI OFFICIAL DOCUMENT tSUCH AS, fOR INSiANCE, THE TAX RECEIPT OR THE SATISfACTION PMER OfPIC1AllY ENDORSED p~ ~
~R CERiIFIED) SHAII BE PlACEO ~N THE NANDS Of SAID MORTGAGEE WITHIN TEN UAYS NEXT AFTER PAYMENT; and in the evcnt thst any the~eof is rat
~ ca•d, sat'sfied and discharged sa'd MORTGAGEE may at any hme pay the same or any part thereof without waiving w affecliny soy option, {iM, equity p i
; ~~qhr under or by virtue of this mortgage and the foll amovnt of each and every such paymeM shall be immediately due and pay~ble and sh~ll be~r iMMest !
~ ~~o~ •he ~±a~e t~~.o~f .~n+: pa d a+ rate of n~ne per centum per ann~m an~ together w~th such interest sMll be secured by the lien of sh's morgtage.
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